Check my w 18 Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does ndt transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable. 2 points Cash Payment Effective Interest Decrease in balance 8 02:56:55 Payment 1 2 3 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 4 5 6 7 8 7,487 6,935 6, 329 5,662 4,928 4,121 3,233 2 ? Outstanding Balance 87,867 74,867 69,354 63,289 56,618 49,280 41,208 32, 329 22,562 ? 13,000 5,513 6,065 6,671 7,338 8,072 8,879 9,767 2 ? 9 10 What is the outstanding balance after payment 9? (Round your answer to the nearest dollar.) 18 Multiple Choice 2 points $10,744. 02:56:44 $11,818 $22,562 $6,500